Tonight is the season premiere of my favorite television show Shark Tank.  If you are unfamiliar with the show, prospective entrepreneurs come before business moguls like Mark Cuban, Robert Herjavec, Kevin O’Leary, Lori Greiner, and one of this year’s new additions Ashton Kutcher.  Their goal is to have a pitch so compelling one of the sharks will invest in their idea.

What makes the show so popular is it demonstrates the American dream is still alive.  With a little hard work, persistence, creativity and grit, anyone can make it.

The following are Leadership Quotes And Lessons From The Season Premiere Of Shark Tank:

First Presentation – Martin Hill, The Beebo

  1. Leaders Want To Know Your Story – “How did you come up with this?” – O’leary
  2. Leaders Are Bottom Line Thinkers – “How much have you sold?” – Herjavic
  3. Leaders Must Be Willing To Pay A High Personal Price And Be All In – “How much of your own money have you invested in this? – Kutcher
  4. Leaders Are Looking For Solutions – “I don’t see the pain.” – Herjavec

Second Presentation – Peter Treadway, Acton

  1. It Should Be Easy For People To Use Your Product – “How long does it take for people to become proficient and not have to be held up.” – O’Leary
  2. Leaders Are Data Driven – “How much does it cost you to make them?” – Herjavec
  3. Leaders Demand Clarity – “Why are you being so variable about it?” – Cuban
  4. Leaders Understand The Market They Are In – “Do you have patents on this?” – Greiner
  5. Leaders Must Define Reality – “You are hoping to sell this for $500 at Target?” – O’Leary
  6. Leaders Are Visionaries – “I believe a transformation shift is taking place.” – Kutcher
  7. Sometimes Leaders Have Simply Had Enough – “You’re dead to me. Skate out of here.” – O’Leary
  8. Leaders Value Preparation, Hard Work and Effort – “I think you came in here and did not think you had to try to hard.” – Greiner
  9. Leaders Want Clarity – “You were all over the place with your numbers.” – Cuban

Third Presentation – Jess Sanchez – McLary Brothers

  1. Leaders Value History – “What’s the backstory on the product?” – Kutcher
  2. Sales Matter – “It doesn’t matter what I think. Sales can prove me wrong.” – O’Leary
  3. Leaders Focus On Growth – “How are you going to grow your sales? Where do you see the growth coming from?” – Cuban
  4. Many Leaders Embrace Risk, Or Not – “That’s why most people don’t start a business.” – Herjavec
  5. Leaders Must Believe In Their Organization – “I’m not a vinegar fan so I’m out.” – Cuban
  6. Leaders Treat People With Value – “You don’t have to belittle people.” – Kutcher to O’Leary
  7. Leaders Love Broad Vision – “You must step back and think about a broader vision for the company.” – Kutcher

Fourth Presentation – Chris Gilpin, Signal Vault

  1. Leaders Value Credibility – “This is about credibility…It’s trust.” – O’Leary
  2. Leaders Understand The Value Of Partnership – “This is what I could do in one month on QVC.” – Greiner offering $1 million
  3. You Must Pay For Great Leaders – “If you want two sharks you must offer us better equity.” – Greiner
  4. Leaders Have Pride – “I want you to see the value of me.” – Greiner
  5. Leaders Understand The Cost Of Success – “You’re underplaying how difficult this will be so I’m out.”- Cuban

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